|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Clothes Washers/Dryers, Refrigerators, Water Heaters, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Windows, Roofs, Tankless Water Heaters, Solar Water Heat, Photovoltaics|
Repayment: up to 5 years
|Incentive Amount:||up to 10,000|
Gainesville Regional Utilities (GRU) offers a six percent annual interest loan for pre-approved items including the ENERGY STAR refrigerators, high efficiency central air conditioning systems, and solar electric photovoltaic systems. This loan is being offered to encourage the installation of energy efficient products and equipment that will reduce energy use and save customers money. The program allows homeowners who are residential electric customers to borrow money through 1st Credit Union of Gainesville to make energy efficient improvements.
The loan is fixed at six percent annual interest rate for qualified applicants and subject to approval. In order to be eligible the customer must be a GRU electric customer. Improvements are only available for existing owner occupied residential dwellings including single family residences, mobile homes, duplexes, triplexes, and quadruplexes.
Loans are valid only for pre-approved energy saving measures as detailed in the GRU Energy Efficient Product List. An Estimate Form must be approved prior to issuance of loan. This loan may not be used in conjunction with a GRU rebate. Installation of energy improvements or purchases must be complete prior to the release of final loan payment and energy efficiency improvement must be installed in accordance with the manufacturer’s recommendations.
Central A/C systems and duct leak repair must be performed by a GRU Partnering Contractor. On-site verification of installation may be required. Additional restrictions may apply, see program web site for full details and further equipment requirements.